Mexico Hub Motor Market Size & Outlook, 2023-2030
Mexico hub motor market, 2017-2030 (US$M)
Related Markets
Mexico hub motor market highlights
- The Mexico hub motor market generated a revenue of USD 213.6 million in 2023 and is expected to reach USD 292.5 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.6% from 2024 to 2030.
- In terms of segment, geared was the largest revenue generating motor type in 2023.
- Geared is the most lucrative motor type segment registering the fastest growth during the forecast period.
Hub motor market data book summary
| Market revenue in 2023 | USD 213.6 million |
| Market revenue in 2030 | USD 292.5 million |
| Growth rate | 4.6% (CAGR from 2023 to 2030) |
| Largest segment | Geared |
| Fastest growing segment | Geared |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Geared, Gearless |
| Key market players worldwide | NTN Corp, Schaeffler AG ADR, Bosch, Taizhou Quanshun Motor, Heinzmann |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.7% of the global hub motor market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil hub motor market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 292.5 million by 2030.
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Hub Motor Market Scope
Hub Motor Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico hub motor market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hub motor market will help companies and investors design strategic landscapes.
Geared was the largest segment with a revenue share of 74.63% in 2023. Horizon Databook has segmented the Mexico hub motor market based on geared, gearless covering the revenue growth of each sub-segment from 2017 to 2030.
- Mexico Hub Motor Motor Type Outlook (Revenue, USD Million, 2017-2030)
- Geared
- Gearless
- Mexico Hub Motor Power Output Outlook (Revenue, USD Million, 2017-2030)
- Below 3 KW
- 3 - 5 KW
- 5-10 KW
- Above 10 Kw
- Mexico Hub Motor Installation Type Outlook (Revenue, USD Million, 2017-2030)
- Front Hub
- Rear Hub
- Both Front Hub Motor
- Both Rear Hub Motor
- Mexico Hub Motor Sales Channel Outlook (Revenue, USD Million, 2017-2030)
- OEM
- After Market
- Mexico Hub Motor Vehicle Type Outlook (Revenue, USD Million, 2017-2030)
- E-Bike
- E-Motorcycle
- E-Scooter
- Electric Passenger Vehicles
- Electric Utility Vehicles (incl. LCV)
- Electric Heavy-Duty Vehicles
- Others
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Target buyers of Mexico hub motor market databook
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Our clientele includes a mix of hub motor market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico hub motor market , including forecasts for subscribers. This country databook contains high-level insights into Mexico hub motor market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Mexico hub motor market size, by motor type, 2017-2030 (US$M)
Mexico Hub Motor Market Outlook Share, 2023 & 2030 (US$M)
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